Tafelberg Ref: 1006

1006

Property ID

43 Sqm

Size

1

Bedroom

1

Bathroom

Description

Tafelberg is located in Banket Street, Joubert Park. This area is a favorite amongst investors and tenants. The block has audited financial statements. The building is located close to the Netcare Rand Hospital, the SAPS and many schools and shops.
A sound investment indeed!

Number of flats in building: 89.

Size: 43 sqm.

Levy: R 840.71 pm. City Accommodations (011) 720 5334

Original one-bedroom unit. The apartment has a separate bathroom consisting of a shower, basin and toilet.

The unit is currently occupied for R2 650.00. According to rental managers in the area the general rental income is between R2500.00 pm and R3000.00 p/m.

The unit is in need of maintenance, a detailed maintenance quote will be provided to the successful buyer.

No. According to the Body Corporate, 4 people may reside in the unit.

Closest Amenities:

 

Name Type Suburb Distance      
Police – SAPS Emergency Hillbrow 0.63 km.
Engen Services Hillview 0.44 km.
McDonalds Shops Hillbrow 0.25 km.

Calculation:

Purchase with Bond (90%):

  • R 150 000.00 Bond at 7% =R 1 150.00 p.m.
  • Monthly Levy =R 840.71 p.m.
  • Rental Management fee (if applicable) =R 304.75 p.m.
  • Total =R 2 295.46 p.m.

 

R 2 650.00 rental income – R 2 295.46 expenses = R 354.54 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 840.71 pm
  • Rental Management fee (if applicable) =R 304.75 pm
  • TotalR 1 145.46 pm

R 2 650.00 rental income – R 1 145.46 expenses = R 1 504.54 Cash flow positive.

Gross Yield: 21% at R 2 650.00 rental income and R 150 000.00 cash offer.

Address

Address: 82 Banket Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
Open on Google Maps
  • Property ID 1006
  • Property Type Sectional Title
  • Property status Buy
  • Bedrooms 1
  • Bathrooms 1
  • Size 43 Sqm
  • Label R150 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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